Property News

How have property prices performed in last Chinese zodiac cycle?

Em Morley - January 27, 2017

With the Chinese New Year arriving this weekend, Knight Frank has investigated how UK house prices have performed over the Chinese zodiac cycle of the last 12 years.

Research from the firm indicates that average house price growth was greatest during the Year of the Dog, between 2006-07. Here, property values rose by 9.26% on average, making it the luckiest animal sign for property owners and investors during the last twelve months.

Good Signs

Other profitable years were that of the Ox, Snake and Horse, with prices rising by 8.72%, 8.66% and 6.66% per year respectively.

At the other end of the scale, the Year of the Rat, between 2008-09, saw average property prices plummet -16.55% year-on-year. This was obviously due to the fact the financial crash occurred between this period.

Other poor years included the Year of the Tiger, Dragon and Rabbit, with prices ranging from -1.37, -0.08% and 0.59% in these periods.

How have property prices performed in last Chinese zodiac cycle?

How have property prices performed in last Chinese zodiac cycle?

The full list of how property prices have performed during the Chinese zodiac cycle of the last 12 years reads:

Position Start End Year Annual Price Growth (%)
1 2006 January 29 2007 February 17 Dog 9.26
2 2009 January 26 2010 February 13 Ox 8.72
3 2013 February 10 2014 January 30 Snake 8.66
4 2014 January 31 2015 February 18 Horse 6.66
5 2016 February 8 2017 January 27 Monkey 4.4*
6 2015 February 19 2016 February 7 Goat 4.37
7 2005 February 9 2006 January 28 Rooster 4.36
8 2007 February 18 2008 February 6 Boar 4.21
9 2011 February 3 2012 January 22 Rabbit 0.59
10 2012 January 23 2013 February 9 Dragon -0.08
11 2010 February 14 2011 February 2 Tiger -1.37
12 2008 February 7 2009 January 25 Rat -16.55

[1]

[1] http://www.propertyreporter.co.uk/property/which-chinese-year-has-been-the-luckiest-for-uk-house-price-growth.html